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Tag: market

Fill the need

Fill the need

It’s interesting to see how new products evolve, sometimes out of innovation, sometimes out of a gap in the market. It’s particularly interesting when the gap in the market is artificial, created by legislation that couldn’t even have been conceived a few years earlier. Take for example, the e cigarette market. It’s highly unlikely that unless legislation was created that stopped people from smoking indoors, this market would never have really materialised. Instead today, the market is booming and new…

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When your market disappears

When your market disappears

Here’s an interesting development that emerged today. Google has announced a free turn-by-turn navigation product, which is placed bang square in TomTom and Garmin‘s target market. As you can imagine this has wrecked havoc to the share price of existing sat nav companies. It’s a tough reminder that your market share can be here one day and gone the next. Innovation is the name of the game here, and unless these companies have something new and exciting that consumers will…

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